DPIIT recognised startup Government of India
Startup India
Novabenefits Private Limited - internet in Bangalore, Karnataka, India. Directors, charges & compliance details.
Revenue · FY 2024
₹13.03 Cr
▲ 86% YoY
Net loss · FY 2024
₹17.66 Cr
Net margin -135.6%
EBITDA · FY 2024
-₹17.1 Cr
EBITDA margin -131.2%
Authorised capital
₹18 Lakh
Registered with MCA
Paid-up capital
₹14.7 Lakh
Issued & subscribed
Open charges
₹4.95 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Employees · EPFO
120
Provident fund records
About Novabenefits Private Limited
Data last updated:
Novabenefits Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 13 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U86900KA2020PTC139731. Its GSTIN is 29AAHCN2194E1ZB (Karnataka).
The company has an authorised share capital of ₹18 Lakh and a paid-up capital of ₹14.7 Lakh. It is led by directors including Saransh Garg and Yash Gupta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.03 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net loss of ₹17.66 Cr (net margin -135.6%) and EBITDA of -₹17.1 Cr (EBITDA margin -131.2%).
The company has about 120 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Nova Benefits and TalkingLands. As per MCA filings, the company has open charges of ₹4.95 Cr on record. The company has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹78.28 Cr; the latest was in February 2022. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website novabenefits.com.
Company details
CIN U86900KA2020PTC139731
Registration Number 139731
Incorporation Date 13 October 2020
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
CIN history
Novabenefits has one previous CIN (Corporate Identification Number): U74999KA2020PTC139731. The current CIN is U86900KA2020PTC139731, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U86900KA2020PTC139731 | Current |
| U74999KA2020PTC139731 | Previous |
Key People
Bhavanipratapsinh Bharatsinhji Rana Nominee Director Saransh Garg Director Yash Gupta Director Recognitions & Rankings of Novabenefits
Contact details
Novabenefits Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Apps
- Registered AddressPremises Bearing No 53 Koramangala 4th Block, 5th Cross Road Near Sony World Signal Hustlehub – H204 3rd Floor, Bangalore, Karnataka, India – 560034
- IndustryInternet, Online Service Marketplaces
Comprehensive company report
Novabenefits Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Novabenefits operates two associated brands: Nova Benefits and TalkingLands. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for employee health benefits is provided to businesses. | novabenefits.com | |
| AI-powered mapping technology is used for property discovery and management. | talkinglands.com |
Business activity
The main business activity of Novabenefits is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Novabenefits Private Limited, buy the company report.
Financials of Novabenefits Private Limited
FY 2024 filings availableNovabenefits Private Limited reported revenue of ₹13.03 Cr (up 86% YoY) for FY 2024.
Revenue · FY 2024
₹13.03 Cr ▲ 86%
Net loss · FY 2024
₹17.66 Cr margin -135.6%
EBITDA · FY 2024
-₹17.1 Cr margin -131.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 86%
EBITDA CAGR growth
1 year
▲ 38%
3 years · compounded
▼ 172%
Revenue rose 86% in the latest year. EBITDA rose 38% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹17.1 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹17.66 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -131.2% | |||
| Net Profit Margin | -135.6% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Novabenefits Private Limited, buy the company report.
Board of directors of Novabenefits Private Limited
Novabenefits has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavanipratapsinh Bharatsinhji Rana | Nominee Director | 07 Sep 2021 | 5 Years 1 Months | Current |
| Saransh Garg | Director | 13 Oct 2020 | 6 Years 0 Months | Current |
| Yash Gupta | Director | 13 Oct 2020 | 6 Years 0 Months | Current |
Charges & borrowings
Open charges
₹4.95 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2021 | 100549481 | Hdfc Bank Limited | ₹4.95 Cr | Open |
To see the full charge records of Novabenefits Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Novabenefits Private Limited has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹78.28 Cr; the latest was in February 2022.
Total deals
3
Funding rounds
2
Convertible or debt financing
1
Disclosed funding
₹78.28 Cr
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Funding round · Series A | ₹71.03 Cr | Investors: SIG, Bessemer Venture Partners, Multiply Ventures |
| Dec 2020 | Funding round · Seed | ₹5.76 Cr | Investors: Multiply Ventures, Better Capital, Angel List |
To see the full deal history of Novabenefits Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Novabenefits Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Novabenefits Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ava Global Professional Services LLP |
To see the full MSME payment records of Novabenefits Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Novabenefits has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCN2194E1ZB | Karnataka | Active | 20 Dec 2020 |
To see the full GST registrations and return filing status of Novabenefits Private Limited, buy the company report.
Recent activity
Novabenefits Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Bhavanipratapsinh Bharatsinhji Rana was appointed as Nominee Director on 07 Sep 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 495.00 Lakh registered on 22 Dec 2021 with Charge ID 100549481 was modified on 26 Dec 2024.
AGM
Novabenefits Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Novabenefits Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 495.00 Lakh with Charge ID 100549481 was registered on 22 Dec 2021.
Appointed
Bhavanipratapsinh Bharatsinhji Rana was appointed as Nominee Director.
Appointed
Saransh Garg was appointed as Director.
Appointed
Yash Gupta was appointed as Director.
Incorporation
13 Oct 2020
Novabenefits Private Limited was registered on 13 Oct 2020 with Roc Bangalore & aged 6 years 9 days as per MCA records.
News
Frequently asked questions
Novabenefits is an active private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 13 October 2020 (6+ years old) and is registered under CIN U86900KA2020PTC139731.
Novabenefits has 3 current directors:
- Bhavanipratapsinh Bharatsinhji Rana - Nominee Director
- Saransh Garg - Director
- Yash Gupta - Director
The latest financial statements of Novabenefits on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Novabenefits is 29AAHCN2194E1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of Novabenefits is U86900KA2020PTC139731. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Novabenefits was incorporated on 13 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Novabenefits has 3 deals on record (2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹78.28 Cr; the latest was in February 2022.
Bhavanipratapsinh Bharatsinhji Rana was appointed as Nominee Director on 07 Sep 2021. Saransh Garg was appointed as Director on 13 Oct 2020. Yash Gupta was appointed as Director on 13 Oct 2020.
Yes, Novabenefits is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Novabenefits has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 27 Apr 2022.
Novabenefits can be reached through the website novabenefits.com. Its registered office is in Bangalore, Karnataka, India.